EX-12.1 3 b56204s4exv12w1.txt EX-12.1 STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 THERMO ELECTRON CORPORATION RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS EXCEPT RATIOS)
Fiscal Year Ended Six Months ------------------------------------------------------- Ended December December December December December July 2, 2005 31, 2004 31, 2003 28, 2002 29, 2001 30, 2000 ------------ -------- -------- -------- -------- -------- Earnings: Income from continuing operations before provision for income taxes...................... $ 141.7 $ 259.2 $ 222.6 $ 301.4 $ 121.9 $ 170.5 Add: Fixed charges (below)....................... 16.8 24.4 30.0 51.4 82.3 85.9 --------- --------- --------- --------- --------- --------- Earnings....................................... $ 158.5 $ 283.6 $ 252.6 $ 352.8 $ 204.2 $ 256.4 ========= ========= ========= ========= ========= ========= Fixed Charges: Interest expense................................. $ 10.4 $ 11.0 $ 18.2 $ 40.2 $ 70.7 $ 80.6 Portion of rent expense representative of an interest factor(1).............................. 6.4 13.4 11.8 11.2 11.6 5.3 --------- --------- --------- --------- --------- --------- Fixed charges.................................. $ 16.8 $ 24.4 $ 30.0 $ 51.4 $ 82.3 $ 85.9 ========= ========= ========= ========= ========= ========= Ratio of earnings to fixed charges................. 9.4 11.6 8.4 6.9 2.5 3.0 ========= ========= ========= ========= ========= =========
---------- (1) We estimate that the interest component of rent expense approximates one-third of such expense.